Eligibility – Welcome to the USDA Income and Property Eligibility Site. This site is used to evaluate the likelihood that a potential applicant would be eligible for program assistance.
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If you’re in the market to purchase a home, you’re probably familiar with some of the common financing options, such as the conventional mortgage and government-backed FHA and VA loans.There is, however, another choice that many homebuyers don’t know about: USDA loans. What is a USDA loan?
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What Is a USDA Loan? Are You Eligible for One? – You might be surprised at the wide variety of properties that are eligible for purchase through the USDA home loan program. While you won’t find any homes located in a major metropolitan area, you may be able to find some in certain suburban areas.
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What is a USDA Loan and am I Eligible? | ConsumerAffairs – Unlike traditional mortgage loans, to be eligible for a USDA loan, you must meet certain restrictions relating to your income and location, and the home for which the loan is issued must be owner.